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Understanding Central Bank Digital Currencies (CBDCs)
Central bank digital currencies (CBDCs) have garnered considerable attention, yet widespread adoption remains a challenge. Ashok Venkateswaran, Mastercard’s blockchain and digital assets lead for Asia-Pacific, sheds light on the complexities involved in this evolving financial landscape. The Resistance to Change Venkateswaran highlights the key hurdle: consumer comfort with traditional currencies. Despite the potential benefits of…